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Business Studies Recap Day 13 - HR Objectives

On day 13 of the Year 12 Recap we turn our attention to the Human Resources (HR) department of the business and discuss the objectives that a business should have in mind when managing the business’s workforce.

For most businesses, it is crucial to have some element of human input into the production process to combine with the level of sophistication that technology brings the company. However, unlike technology and machines, humans cannot be calibrated to a specific setting and left unmonitored. The management team of a business needs to organise, motivate and develop their staff to maximise performance and ensure the company can achieve its corporate objectives. This can be a challenging aspect of running a business; as every worker reacts to workplace policies in a different way.

On day 30 of the Year 13 Recap we discuss the nature of MNCs and evaluate some of the limitations of MNCs becoming larger and more influential in the global economy.A multinational corporation (MNC) i...